---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-113745"
form_type: "8-K"
ticker: "TWO"
cik: "0001465740"
company_name: "TWO HARBORS INVESTMENT CORP."
filed_at: "2022-11-02T23:59:59+00:00"
generated_at: "2026-06-22T13:23:58.133669+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Two Harbors completes 1-for-4 reverse stock split, cuts outstanding shares from 345M to 86M

## Summary
- Reverse stock split effective Nov 1, 2022; every 4 shares became 1, reducing outstanding shares from ~345M to ~86M.
- Authorized common shares reduced from 700M to 175M; par value adjusted from $0.01 to $0.04 then back to $0.01.
- Preferred stock series A, B, C unaffected; dividend rates and authorized shares unchanged.
- Fractional shares settled in cash based on VWAP on NYSE on Nov 1, 2022.
- Adjustments made to ATM offering (7.56M shares remaining), DRIP (825K), equity plans, and share repurchase program.

## SEC filing metadata
- accession: 0001104659-22-113745
- form_type: 8-K
- ticker: TWO
- cik: 0001465740
- company_name: TWO HARBORS INVESTMENT CORP.
- filed_at: 2022-11-02T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 3.03, 5.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1465740/000110465922113745/0001104659-22-113745-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1465740/000110465922113745/tm2229101d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-113745
- JSON: https://secwatch.observer/filing/0001104659-22-113745.json
- Plain text: https://secwatch.observer/filing/0001104659-22-113745.txt

## Key facts
- Governance Changes
  TWO HARBORS INVESTMENT CORP.: Filed two Articles of Amendment effective November 1, 2022, to effect a one-for-four reverse stock split, adjust par value, and reduce authorized shares from 700 million to 175 million (effective 2022-11-01).
  - Change: charter amendment
  - Effective: 2022-11-01
  source text: On October 27, 2022, Two Harbors Investment Corp. (the “Company”), in connection with the previously announced one-for-four reverse stock split (the “Reverse Stock Split”) of its outstanding shares of common stock, par value $0.01 per share, filed two Articles of Amendment to its charter (the “First Amendment” and the “Second Amendment”) with the Maryland State Department of Assessments and Taxation.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1465740/000110465922113745/0001104659-22-113745-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.